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Monday, April 11, 2016

N60bn railway project tears APC apart

The current budget controversy between the Executive and National Assembly (NASS) may linger than expected as N60 billion coastal railway project, is tearing the All Progressive Congress (APC)-led federal government apart, investigations revealed, reports ITRealms.

President Muhammadu Buhari was reportedly last Thursday, April 7, 2016 received details of the budget on demand as passed by the National Assembly, which he within 24 hours fingered another reason for delaying assent to the 2016 Appropriation Bill shortly before departing for China.

ITRealms gathered that President Buhari on this development, behest all the Ministers to ensure they reviewed the provisions cum appropriations of their respective ministries to align what was eventually passed by NASS.

A close hint available to ITRealms showed that further delay on the ‘budget of controversy’ may linger as this was the core reasons behind the refusal of President Buhari to assent to the 2016 budget as passed by the National Assembly (NASS) a fortnight ago before the request for budget details came to the fore.

But reliable source at the Presidency, affirmed to ITRealms that the budget could not be assented to when a critical part of APC proposed project is missing as passed.

This, ITRealms gathered was confirmed and formed part of the Presidential visit China at the weekend, but was disappointed.

The two rail projects, ITRealms further gathered include the Northern and Eastern Lines, which are the Lagos-Kano and Calabar – Lagos lines respectively. While the Lagos-Kano proposed line was intact, the Calabar – Lagos line was reportedly deleted from the budget.

ITRealms  recalled that the projects are to be jointly funded by the Peoples Republic of China and the Federal Government of Nigeria.

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Pix: Vice President, Yemi Osibanjo and head of Economic Team of Buhari administration.

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